GLOBALT Investments LLC GA Invests $3.42 Million in Virtu Financial, Inc. (NASDAQ:VIRT)

GLOBALT Investments LLC GA acquired a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 95,752 shares of the financial services provider's stock, valued at approximately $3,416,000. GLOBALT Investments LLC GA owned approximately 0.06% of Virtu Financial as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of VIRT. Atria Investments Inc grew its stake in Virtu Financial by 7.2% in the third quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider's stock valued at $327,000 after purchasing an additional 717 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Virtu Financial during the 3rd quarter valued at approximately $1,971,000. KBC Group NV boosted its stake in Virtu Financial by 42.9% during the 3rd quarter. KBC Group NV now owns 2,864 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 860 shares during the period. CIBC Asset Management Inc bought a new stake in Virtu Financial during the 3rd quarter valued at approximately $242,000. Finally, Aviance Capital Partners LLC bought a new stake in shares of Virtu Financial in the 3rd quarter worth approximately $239,000. 45.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIRT shares. Morgan Stanley increased their target price on Virtu Financial from $31.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler lifted their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $31.36.

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Virtu Financial Stock Up 1.2 %

Shares of Virtu Financial stock traded up $0.44 during trading on Thursday, reaching $37.72. The stock had a trading volume of 586,668 shares, compared to its average volume of 1,136,005. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average price of $37.11 and a two-hundred day moving average price of $35.00. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.43 and a beta of 0.58. Virtu Financial, Inc. has a 52 week low of $19.06 and a 52 week high of $41.38.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. Sell-side analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.

Insiders Place Their Bets

In other news, COO Brett Fairclough sold 72,967 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the sale, the chief operating officer now owns 90,749 shares in the company, valued at $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the sale, the executive vice president now owns 157,703 shares of the company's stock, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,967 shares of company stock valued at $5,213,964 over the last 90 days. 46.70% of the stock is currently owned by insiders.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.